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Floyd Mayweather Jr. reacts after beating Miguel Cotto by unanimous decision during a WBA super welterweight title fight, Saturday, May 5, 2012, in Las Vegas.

Brady Hoke

Michigan head coach Brady Hoke during warmups for the team's spring game at Michigan Stadium, April 16, 2011, in Ann Arbor, Mich. (AP Photo/Tony Ding)

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Reports: Mayweather bets $3M on Michigan

Michigan starts season vs Alabama on Saturday

Updated: Thursday, 30 Aug 2012, 10:22 PM EDT
Published : Thursday, 30 Aug 2012, 9:57 PM EDT

GRAND RAPIDS, Mich. (WOOD) - Grand Rapids native boxer Floyd Mayweather has bet almost $3 million that the Michigan football team will beat the 14-point spread in its season opener against favored Alabama.

Reports indicate that the boxer, whose nickname is "Money," placed bets at nine different Las Vegas sportsbooks, according to USA Today.

Michigan starts the season ranked No. 8 while Alabama is ranked No. 2.

Mayweather was the highest-paid athlete in the world in 2011, according to Forbes. He was recently released two months into a three-month jail sentence for domestic violence.

The game will be Saturday at 8 p.m. ET at the Dallas Cowboys Stadium.

According to the Cowboys Stadium website, it will be the fourth matchup between the programs. Michigan leads the series 2-1.

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